Breaking news in the art world follows an announcement by the U.S. Department of Justice involving indictments against seven defendants in their alleged roles in selling $5 million in counterfeit art prints.

Reuters reports that (“Thousands Stuck with Fake Art Prints – U.S. Prosecutor“) that “[a] ring of art counterfeiters has sold thousands of prints since 1999 bearing the forged signatures of Picasso, Miro, Dali and other famous artists to buyers around the world”. U.S. Attorney Patrick Fitzgerald stating that “[t]housands of people will learn they… bought a fake”. [Read more…]